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20110701
20110731
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this big, grand compromise, the president and and congressional leaders need to negotiate to raise that limit. they're e manding 2 trillion in spending cuts be made to give the president the increase he wants and democrats demanding any deal to cut spending like that has to include an increase in tax revenue. the big question, going into tonight's meeting is whether a smaller deficit reduction n dea is possible. both sides are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committtt to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can.
's more restraint in order. he made it clear for a big deal, there will have to be balance between revenue and spending. the question is how much can we get done? the president's view is clear. we have to get as much done as we can to give assurance to the market and american people that we have our fiscal house in order. >> if you have to predict, what is the deal that will get done to avoid a deadline, potential catastrophe as we're calling it? >> i think the minimum, i believe the debt will be extended. notwithstanding, the voices of a few willing to play with armageddon, responsible leaders in washington, are not. our efforts over the next days is, in addition to that, do as ch as we possibly can to make the tough decisions. this is a question of leaders coming together and saying, we are going to do hard things on both sides. and the time is now, as the president said, if not now, when. >> jack lew, thank you very much for joining us. >> thank you indeed. >> and the parties in a bit of a cooling off period after a contentious series of white house meetings at one point tempers flared
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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